Romania: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Romania

The Romanian market for grinding, sanding and polishing machines shrank to $X in 2021, waning by -6.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a resilient expansion. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Romania

In 2021, shipments abroad of grinding, sanding and polishing machines decreased by -40.5% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 149% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, grinding, sanding and polishing machine exports dropped to $X in 2021. In general, exports, however, continue to indicate notable growth. The growth pace was the most rapid in 2014 when exports increased by 305%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units), Georgia (X units) and Serbia (X units) were the main destinations of grinding, sanding and polishing machine exports from Romania, together comprising 84% of total exports. Hungary, Bulgaria, Ukraine and China lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +18.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for grinding, sanding and polishing machines exports from Romania, comprising 87% of total exports. The second position in the ranking was taken by Hungary ($X), with a 1.3% share of total exports. It was followed by Ukraine, with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+19.2% per year) and Ukraine (-20.3% per year).

Export Prices by Country

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, picking up by 49% against the previous year. In general, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2013 an increase of 538% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+66.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Romania

In 2021, the amount of grinding, sanding and polishing machines imported into Romania declined to X units, waning by -8.8% compared with the previous year. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 855%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, grinding, sanding and polishing machine imports surged to $X in 2021. Overall, imports, however, showed slight growth. The most prominent rate of growth was recorded in 2014 with an increase of 260%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of grinding, sanding and polishing machine to Romania, with a 83% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was taken by South Korea (X units), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +44.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.7% per year) and South Korea (+122.7% per year).

In value terms, the largest grinding, sanding and polishing machine suppliers to Romania were Germany ($X), Bulgaria ($X) and China ($X), together comprising 65% of total imports.

Among the main suppliers, China, with a CAGR of +54.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2021, growing by 31% against the previous year. Overall, the import price, however, showed a significant contraction. The growth pace was the most rapid in 2014 an increase of 559%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Bulgaria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+520.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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